Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Completes Acquisition of Research Chemicals Business from Sigma-Aldrich

[PR Newswire] – MORRIS PLAINS, N.J., Dec. 15, 2015 /PRNewswire/ — Honeywell ( NYSE: HON ) today announced that it has completed the acquisition of the Seelze, Germany-based laboratory research chemicals business from … Read more on this. Honeywell International Inc. (HON) , valued at $76.52B, started trading this morning at $99.48. Today’s price range has been between $99.19 and $99.95 per share with its 52-week range being $87.00 to $107.41. HON shares are currently priced at 16.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.80x earnings multiple. The company pays shareholders $2.38 per share in dividend income per year, for a current yield of 2.42%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.59 per share, which would be $0.16 better than the year-ago quarter and a $0.06 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.10 is a $0.54 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.09 Billion. If reported, that would be a 1.75% decrease over the year-ago quarter. More recently, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. The average price target for HON shares by the analysts covering the stock is $114.00, which is 14.60% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Acquire COM DEV International’s Satellite Equipment Business Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Increase Dividend By 15% Effective In The Fourth Quarter 2015 Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Acquire Research Chemicals Business From Sigma-Aldrich